Reckon is listed on the Australian Stock Exchange as RKN and has operated in the country since 1987. The company creates accounting software for accountants, bookkeepers, small to medium businesses, as well as individuals. Reckon was Intuits distributor in Australia when software was sold in boxes and distributed to shops but around 2012 there were massive changes in accounting software and Intuit started promoting it’s own QuickBooks Online software directly to consumers as a cloud accounting program – no need for local distribution.

Reckon has offices in Australia, New Zealand, the United Kingdom, and the United States and over 600,000 businesses using its software across Australia and New Zealand.

Reckon One is the companies low cost monthly subscription based software which now competes directly with MYOB Essentials, Xero and QuickBooks Online as well as the plethora of free cloud accounting programs available. The strength of this organisation is it’s connection with Accounting businesses via their Practice Accounting software – that helps accounts bridge the gap between their small business clients and the ATO.

Reckon One Training Course

As a late starter to the cloud accounting market this company is not able to claim a position as a leading accounting software provider to small business. What they can do is cherry pick the features that the leaders are working on and promote them as new or soon to be released features, including:

• Projects Module for Project Management
• Time and Expense Module
• Payroll Module

Cloud accounting software is now dependent on third party integrations to stand out and become attractive to potential users and the above mentioned features are desired by many service based businesses and trades, particularly if they have staff.

Xero appears to be abandoning any feature development in the inventory tracking and management component of their marketing leading software and decisions like this help smaller companies like Reckon attract niche markets by fulfilling their needs. QuickBooks Online outsource the Payroll Management component of their software to a local Australian company and although it works well issues arise that can be solved by having payroll fully integrated into the core accounting software.

Reckon One Daily Transactions Training Course

You’ll learn how to set Customers (trade debtors) credit terms and perform the daily transactions that this company performs to see who owes them money via an Accounts Receivable Report. These tasks are also performed on the purchasing an payments side.

The Course includes a Step-by-Step training workbook where you will perform all these steps using real life data.

• Reckon One Training Course – Edit you Chart of Accounts to Suit the Business
• Reckon One Training Course – Modify your Trading Terms
• Reckon One Training Course – Create an Inventory Item
• Reckon One Training Course – Create Customer Contacts
• Reckon One Training Course – Create a Quote for a customer (Feature Gap)
• Reckon One Training Course – Enter a Sales Invoice and Apply a Payment
• Reckon One Training Course – Create an Invoice from a Quote (Feature Gap)
• Reckon One Training Course – Process and Apply a Credit Note to an Invoice
• Reckon One Training Course – Receive a part payment
• Reckon One Training Course – Receive Payment for many invoices
• Reckon One Training Course – Process an Overpayment
• Reckon One Training Course – Who owes you money
• Reckon One Training Course – Run a Sales Summary by Customer (Feature Gap)
• Reckon One Training Course – Customer statements
• Reckon One Training Course – Sales by item reports
• Reckon One Training Course – Create a Supplier Bill
• Reckon One Training Course – Pay a Bill
• Reckon One Training Course – Enter a Make Payment Transaction

 

Reckon One End of month, Bank Reconciliation Training Course

Data File & Loan Account

• creating a loan account,
• transfer loan funds,
• transaction details and accounts payable,
• setup accounts payable linked account,
• editing or deleting a transaction entry

Transactions & journal entries

• Creating customer cards,
• creating inventory items,
• entering a sale and payment,
• spend money,
• receive money from a client,
• reconcile your cheque account to your bank statement

Reckon One Training Video Tutorials

• Reckon One Training Course 543101 – Create a New Company File 
• Reckon One Training Course 543102 – Create Accounts and Deposit 
• Reckon One Training Course 543103 – Create a New Customer Card 
• Reckon One Training Course 543201 – Create a New Inventory Item 
• Reckon One Training Course 543202 – Enter a Sale and Payment 
• Reckon One Training Course 543203 – Spend Money Transaction 
• Reckon One Training Course 543204 – Receive Money Transaction 
• Reckon One Training Course 543301 – Enter Payment of Wages 
• Reckon One Training Course 543302 – Enter Payment to Upwork 
• Reckon One Training Course 543303 – Process Journal for Depreciation 
• Reckon One Training Course 543401 – Start the Reconciliation 
• Reckon One Training Course 543402 – Edit the Incorrect Transactions 
• Reckon One Training Course 543403 – Complete the Reconciliation 
• Reckon One Training Course 543501 – Run a Bank Reconciliation Report 
• Reckon One Training Course 543502 – Run a General Ledger Report

 

See Current Reckon Training Courses and Discounts